Professor Bank Speaks to Marketplace on the History of the Standard Tax Deduction and How Trump Plans to Alter it

Professor Steven Bank spoke to NPR’s Marketplace about the history of the standard tax deduction and how Trump’s tax plan proposes to increase it tremendously in comparison. “Every lawyer, doctor, dentist, accountant was involved in some type of tax shelter — movie tax shelters, alpacas, you name it,” said Bank. “And that was not something the average person could participate in.”